Manning & Napier Target 2060 Series Class I
MTKIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Woodcliff Drive Fairport NY 14450
- IPO Date
- Sep 23, 2015
- CIK
- 0000751173
- Similar Companies
- Business
- Manning & Napier Target 2060 Series Class I (MTKIX) is a target date collective investment trust (CIT) fund that seeks long-term capital growth and moderated volatility for investors planning retirement around 2060 by investing in underlying Manning & Napier Pro-Mix CIT Funds. The fund currently maintains an aggressive growth-oriented allocation with 70%-95% equity exposure diversified across domestic and foreign stocks, complemented by a minor fixed income component (typically 11%-12% as of late 2025), gradually shifting to more conservative mixes over time; during the target year, equity ranges from 20%-60%, and beyond five years post-target, it focuses on capital preservation with 13%-47% equity. It offers Class I shares with a net expense ratio of 0.69% (including acquired fund fees), CUSIP 302028824, and inception for Class I units on October 6, 2015, with historical performance data extending to underlying strategies from January 1, 2000; the fund is available exclusively within qualified employee benefit plans such as 401(k)s. Operated within Manning & Napier Advisors, LLC's broader suite of retirement target CITs, equity, fixed income, ETF-based, and multi-asset strategies, MTKIX targets plan sponsors, institutions, and participants seeking professionally managed, glide-path portfolios that automatically adjust risk. Manning & Napier, founded in 1970 and headquartered in Fairport (Rochester area), New York, manages these CITs through advisory services to Exeter Trust Company as trustee, serving high-net-worth individuals, pension plans, endowments, and third-party advisors primarily in the U.S. The firm employs a bottom-up active management approach with a team of analysts focused on risk-adjusted returns across global markets. In recent developments, Manning & Napier completed its transition to a private entity through acquisition by Callodine Group in 2022, with the deal finalized and common stock delisted from the NYSE, enhancing capital resources and strategic growth under Callodine while preserving management, investment processes, and client focus. The firm continues to execute portfolio adjustments, including significant new positions such as $75.4 million in TJX Companies in Q3 2025 and $123.7 million in Workday in Q2 2025, reflecting ongoing active management amid market opportunities. No major fund-specific launches or reorganizations for MTKIX were reported in 2024-2025, but the series maintains its glide path toward conservatism, with year-to-date performance of 9.80% as of October 31, 2025.